Zurich Expands Global Use of Guidewire InsurancePlatform with Selection of Guidewire Cyence Risk Analytics
Multi-line global insurer to use cloud-native economic cyber risk modeling solution built to help insurers quantify cyber risk exposures
Unprecedented technological advances of the 21st century have shifted the nature of risk across the P&C insurance industry. Ever-evolving cyber risks present unique challenges including limited availability of traditional actuarial data needed to model these risks. Cyence combines economic modeling, cybersecurity, machine learning and Internet scale data collection to help risk takers assess the financial impact of cyber risk.
“After conducting a thorough search, we found that the capabilities of
Guidewire Cyence Risk Analytics, combined with Zurich’s risk insights,
will strengthen the way we address the challenges of today’s
rapidly-changing cyber risks,” said
Guidewire Cyence Risk Analytics will help enable
- Enhance its underwriting precision and efficiency through data driven risk selection tools;
- Quantify the financial impact of cyber risk at an individual company and portfolio level; and
- Achieve improved growth opportunities due to the solution’s ability to deliver the insight needed to design new insurance products and go-to-market strategies.
About Guidewire Cyence Risk Analytics
Guidewire Cyence Risk Analytics are data listening and risk analytics products focused on understanding and modeling new and evolving 21st century risks. By combining internet-scale data collection, adaptive machine learning, and insurance risk modeling, Cyence Risk Analytics provides insights that help companies face new risks, take advantage of new opportunities, and develop new products.
Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. We are privileged to serve more than 350 companies in 32 countries. For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.
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Diana Stott, +1 650-356-4941